MSFT - Why SaaS Company Conduent's Shares Are Surging Today | Benzinga
Conduent Inc (NASDAQ:CNDT) shares are trading higher after the company signed an agreement to sell its Casualty Claims Solutions business to MedRisk.
MedRisk is a managed care organization dedicated to the physical rehabilitation of workers’ compensation patients.
The $240 million cash deal includes Conduent’s workers’ compensation and auto casualty bill review solutions. It also includes the processing of medical bills and clinical services, and its portfolio of Strataware bill review software products.
In 2023, the business, with approximately 100 clients across multiple markets, processed ...